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by mywittyname
67 days ago
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That probably means they receive a lot of small donations. Payment processors often have a fee structure that's 2.9% + <flat fee around $0.30>. So any donation below ~$4.50 would end up having a >=10% processing fee. There could be currency exchange rates that are factored in at the donation end as well. I agree that 10% is high, but it's still explainable. |
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I believe they use stripe and this would also include:
- subscription billing fee (up to 0.7%)
- currency exchange fees
- chargeback fees
- processing fees on refunded transactions